Word: teche
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Dodge & Cox is used to being popular. After the late-'90s tech-stock bubble, investors disillusioned with momentum plays grew hip to the firm's strategy of buying out-of-favor companies and patiently waiting for them to rebound. Although Dodge & Cox doesn't advertise and shies from almost all publicity, word spread. In the wake of scandals involving some fund firms giving preferential treatment to big-time investors, money poured into Dodge & Cox, which consistently wins top grades on corporate governance from Morningstar and often appears in commentary pieces like "Our Favorite Sleep-at-Night Funds." (Disclosure: Through...
...Virginia Tech University...
...correction is probably welcome. But they don't want a bust. When the Shanghai Composite Index plunged 8.8% in February after analysts warned Beijing was about to impose a capital-gains tax, the government quickly backed off. Stocks resumed their rise, but dangers remain. As tech investors learned in 1999, corrections have a way of becoming something worse-and $52 billion plunked into IPOs can become a lot less in a hurry...
...quiz for all you global-warming experts: After China and the U.S., which country emits the greatest quantity of greenhouse gases per year? Answer high-tech Japan or industrial Germany, and you flunk. A holographic Al Gore will be beamed over to give you remedial lessons. It's rural Indonesia, which emits 3.3 billion tons of carbon dioxide annually--almost entirely from deforestation. Living trees absorb CO2, and as they are cut down or burned, they release their stored carbon into the air. Trees also absorb sunlight, warming the earth, but in the tropics their ability to absorb...
...zainichi become more integrated into Japanese life, Chongyron faces extinction. A proud zainichi such as high-tech entrepreneur Masayoshi Son, one of the richest men in Japan, is emblematic of a new generation that no longer need the protection of an ethnic association, much less one tied to a dictator. The gradual rapprochement between North and South Korea has also rendered Chongyron superfluous. "When the South and the North come together over there, you don't have to pick one or the other over here," says...